An organisation that makes t-shirts has three production departments: Fabric Dying, Pattern Cutting, and Stitching and Finishing.A batch of 400 t-shirts has just been produced. $150 materials were used to produce this batch and the labour costs were as follows.Based on normal levels of activity, the budgeted overheads are as follows.Selling and administration overheads are charged at 20% of the production cost.Calculate the cost per unit of an item in this batch.
A. $2.43
B. $2.79
C. $3.35
D. $4.38
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The following information relates to the labour costs incurred by an organisation during the month of April.40 of the hours paid to direct workers was idle time, 10 of the hours paid to indirect workers was sick pay, and 30 of the hours paid to direct workers was holiday time.What are the direct labour costs?
A. $18,400
B. $17,760
C. $16,000
D. $18,960
Overheads for the period have been over-absorbed by $125?What is the double entry required to record this?
A. Debit Production overhead control 125 Credit Income statement 125
B. Debit Income statement 125 Credit Production overhead control 125
C. Debit Production overhead control 125 Credit Bank 125
Debit Bank 125 Credit Production overhead control 125
Which of the following statements are true? I A batch is a group of products treated as a single cost unit II A batch is where several items are packaged together and sold as a single unit III Batch costing is used where a single production line is used to make several different products IV Batch costing is used to calculate the cost of an entire production runWhat is the double entry required to record this?
A. I and IV
B. I and III
C. II and IV
D. II and III
The main general purposes of a spreadsheet are: I to automate the performance of mathematical calculations II to manipulate data efficiently and effectively III to present data professionally IV to store data for use by the business
A. I and II only
B. I and III only
C. I, II and IV only
D. All of the above